(Bloomberg) — For-profit colleges more than doubled spending on lobbying and hired six former members of the U.S. Congress this year to fight regulations that threaten the industry. Ten education companies and their trade association spent $3.8 million on lobbying in the first nine months of 2010, up from $1.5 million in the comparable period […]
(New York Times) — When Congress moved in 2008 to sweeten tuition payments for veterans, it was celebrated as a way to ensure that military personnel returning from Iraq and Afghanistan could go to college at no cost and to replicate the historic benefits society gained from the G.I. Bill after World War II. Now, […]
(Afro) — A new set of rules that will strengthen federal student aid programs at for-profit, non-profit, and public institutions is being met with approval by student and education advocates, though some question the rules’ necessity. Announced by the White House on Oct. 28, the broad new regulations came after an 18-month negotiation process with […]
(Urban Mecca) — African-American civil rights, business and political leaders are opposing U.S. Department of Education regulations that would limit access to career colleges for many minorities by cutting off federal loans and grants at some of the for-profit learning institutions. Among those voicing concerns about the regulations are Rev. Jesse L. Jackson, Founder/CEO of […]
The NBA and Bacardi U.S.A. Inc. are starting a scholarship program that will provide more than $350,000 in aid to students from Hispanic and African-American communities. NBA Commissioner David Stern and Bacardi president and CEO John Esposito announced the launch of the “Gold Standard Scholarship Program” on Wednesday during an event at the NBA Store. […]
The financial aid program is facing a $19 billion budget gap which the House must deal with.